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Deutsche Bank's “dysfunctional” IT division (2018)

efinancialcareers.co.uk

91–100 of 176 posts

Re: Deutsche Bank's “dysfunctional” IT division (2018)

#91
post #82
post #76

Earlier quoted context omitted.

N26 has a history of problems. I would recommend staying as far away as possible.

Could you elaborate on that? I've not been aware of any.

I'm just gonna link a few German articles. They seem to have reestablished their phone hotline by now, but I don't think they have changed their "move fast and break things" attitute.

[1] https://www.anwalt.de/rechtstipps/erneute-probleme-bei-n26-b... [2] https://www.businessinsider.de/wirtschaft/einem-n26-kunden-w... [3] https://www.businessinsider.de/gruenderszene/business/n26-er...

Re: Deutsche Bank's “dysfunctional” IT division (2018)

#92
post #38

Earlier quoted context omitted.

That just sounds like a normal day of interacting with basic German IT infrastructure. It's all the same.

To be honest, average American IT infrastructure is the same; the larger the business, the worse it seems to be. Large tech companies like Google are outliers.

I bank with Chase and the app is really good. Are there major US banks with crappy apps?

Re: Deutsche Bank's “dysfunctional” IT division (2018)

#93
People build, sorry architect, incredibly complex systems and then try to stop them from being complex. I for one have learned to stop worrying and love the complexity. Maybe a naive question: why is it important that a company with thousands of people in the IT department all run on the same system? I mean I understand the many theoretical benefits of it, but in reality software is there to do something, and if you spend millions and millions and years and years on operating systems, what are you even doing for your customers? I am actually a Deutsche Bank customer and I do not care about operating systems they run. I anticipate people will tell me that surely this helps eventually fulfill business needs -- but does it really? In my experience and as others have pointed out, practically all other places are in the exact same mess, dreaming of holy grails of standardized infrastructure, clean code and engineering that will make other engineers pat you on the back. And some get it done and some can't, so basically at the end of the day you need people that will sort through the mess and get things done. It's never easy.

Once they are done with all this standardization, they will realize they just have new roadblocks, and will spend a half decade trying to fix those too.

Re: Deutsche Bank's “dysfunctional” IT division (2018)

#94
post #38

Earlier quoted context omitted.

That just sounds like a normal day of interacting with basic German IT infrastructure. It's all the same.

To be honest, average American IT infrastructure is the same; the larger the business, the worse it seems to be. Large tech companies like Google are outliers.

Last I heard, Google staff use Concur to handle travel... there's no escaping SAP (and similarly frustrating enterprise software) in large corporations, even FAANG ones.

Re: Deutsche Bank's “dysfunctional” IT division (2018)

#95
post #38

Earlier quoted context omitted.

That just sounds like a normal day of interacting with basic German IT infrastructure. It's all the same.

To be honest, average American IT infrastructure is the same; the larger the business, the worse it seems to be. Large tech companies like Google are outliers.

Rather, the large tech companies are some of the worst offenders, but it's coupled with egregious arrogance and a self-held belief that they're better and smarter than everyone else. Google is in an even more unique position as they can bully their way around the internet by breaking and influencing standards at their whims. Ever tried to get support from Google? Go ahead, I'll wait.

Re: Deutsche Bank's “dysfunctional” IT division (2018)

#97

This is 5 year old scuttlebutt and even what's publicly known about DB's systems has superseded most of the details here.

Cool, can you share some of the publicly available information then? I interviewed at DB around 2018, and from that experience (what's the worst thing about working here, I asked my interviewer. The politics, she replied) plus that of all my friends who spent time there, this article rings pretty true. But I'd love to get some more up to date info, so would be happy if you could share.

Much fresher scuttlebutt: https://www.efinancialcareers.com/news/2022/05/eisler-capita...

Kannon isn't even mentioned in the older article.

Note that I am not claiming that Deutsche's IT department is no longer dysfunctional! Just nothing in TFA provides convincing evidence about the current state of affairs.

Re: Deutsche Bank's “dysfunctional” IT division (2018)

#99
post #91
post #82

Earlier quoted context omitted.

Could you elaborate on that? I've not been aware of any.

I'm just gonna link a few German articles. They seem to have reestablished their phone hotline by now, but I don't think they have changed their "move fast and break things" attitute. [1] https://www.anwalt.de/rechtstipps/erneute-probleme-bei-n26-b... [2] https://www.businessinsider.de/wirtschaft/einem-n26-kunden-w... [3] https://www.businessinsider.de/gruenderszene/business/n26-er...

Well, since we were just talking about how dysfunctional IT traditional banks are in germany, maybe in this context a -move fast and break things- attitude is appreciated?

Re: Deutsche Bank's “dysfunctional” IT division (2018)

#100

Deutsche Bank looks like a gigantic organisation rampant with misaligned incentives and barely any oversight. Looking at their list of controversies ( https://en.m.wikipedia.org/wiki/Deutsche_Bank#Controversies ), it is absolutely unsurprising that their IT infrastructure is a disorganised and mismanaged mess. It looks like it's beyond saving, with its depressing history over the last decade and a half.

This is really a non sequitur. It's perfectly easy to imagine a large organization which has a disorganized and mismanaged mess for their IT infrastructure, but a great compliance and regulatory culture, or vice versa.

DB happens to have both a broken engineering culture and (at least historically) an even more broken culture of mis-selling and fraud, but there's nothing to say that one always engenders the other.

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